Highlights:
- Binding agreement signed to acquire 100% of geothermal subsurface consultancy company GeoThermal Engineering GmbH GeoT).
- GeoT has a highly credentialed, world-leading scientific team with over a century of combined expertise in sub-surface development of geothermal projects, from exploration to production drilling.
- Acquisition is part of Vulcan’s plans to accelerate its Zero Carbon Lithium® project in Germany, by rapidly growing its development team.
- GeoT (https://www.geo-t.de/en/) is based in the Upper Rhine Valley, Germany, and is owned by Vulcan Executive Director Dr. Horst Kreuter.